Sell-Side Technology/News
Kyte Group Integrates b-next Market Abuse System
Clearing and broking provider Kyte Group has rolled out b-next's multi-asset, multi-venue market abuse surveillance system, CMC:Suite.
Peruvian Exchange Upgrades Electronic Trading Platform with MillenniumIT
Bolsa de Valores de Lima, the Peruvian exchange operator, has upgraded its electronic trading platform and smart order routing (SOR) system with MilleniumIT.
Nasdaq Takes Aim at Tech Crown, Appoints CIO
US exchange group Nasdaq OMX has announced that it will combine its market technology and corporate solutions business lines, in an attempt to create a technology unit that can compete with the world's top vendors.
Capco Opens Delivery Center in Florida
Capco announced that it has opened a delivery center in Orlando, Florida.
Former Microsoft CMO Mathews Joins Oanda Board
After 22 years at the software giant, Mich Mathews will support the FX trading services portal's brand positioning.
Two More US Exchanges Admit Order Handling Errors
Direct Edge and the New York Stock Exchange (NYSE) have said that customer transactions may have been executed away from the best available price due to systems errors, bringing the total number of exchanges admitting price errors to three this month.
Euroclear Nederland Exits Paper Certificates
Dutch central securities depository (CSD) Euroclear Nederland has announced that it recently completed a full-scale dematerialization project for all securities in the country, moving stock certificates to electronic formats.
Belfius Bank Partners Clearstream for Collateral Management, OTC Derivatives
Belfius Bank, a banking and insurance group wholly owned by the Belgian state, has partnered with post-trade services provider Clearstream to develop a new collateral management activity for bilateral trades.
SEC Lines Up Analytics Firepower with Berman Hire
The US Securities and Exchange Commission (SEC) has announced that Gregg E Berman will take up the post of associate director in its Office of Analytics and Research.
MKS Chooses SmartTrade for Liquidity Management
Switzerland-based precious-metals service provider MKS SA has selected Paris-based smartTrade's liquidity management system (LMS) to handle its physical customer pricing.
TMX Atrium Increases European Capacity, Bandwidth
Luxembourg-headquartered TMX Atrium, a provider of infrastructure technologies, has increased the capacity of its ultra-low latency connectivity service in Europe.
Principia Tweaks Platform for US Regulatory Support
Principia Partners, the Manhattan-based provider of buy-side and sell-side trading and risk management technology, has unveiled Version 6.8 of its Structured Finance Platform, which features enhancements aimed at addressing the US Basel 2.5 Market Risk…
UBS Buffs Orc for APAC Client Access
UBS Securities has extended its use of Orc Access, to faciliate Asian clients trading on US and European exchanges through direct market access (DMA).
G2 FinTech Bolsters Cost Basis Reporting Tool
TaxGopher+, G2 FinTech's cost basis reporting (CBR) solution for investment managers, will support fixed-income and options transactions, the final covered securities under the US Internal Revenue Service's 1099-B rules to be introduced beginning in 2014.
Regulators Cite 'Critical Deficiencies' in JPMorgan Monitoring, Reporting, Risk Controls
JPMorgan Chase has been sanctioned by US regulators eight months after an outsized credit default swap led to trading losses of $6.2 billion.
Banks Snap Up Traiana Stake from Icap
Interdealer broker Icap has announced that it sold a 12 percent stake in foreign exchange (FX) specialist subsidiary Traiana, to a consortium of banks, with an option for them to buy a further 20 percent of the business.
RTS Partners With KVH for Hosting and Connectivity
RTS Realtime Systems Group (RTS) has launched proximity hosting and low-latency connectivity services in Japan by leveraging KVH, an information delivery platform headquartered in Tokyo.
AX Trading Introduces Direct Block Trading in Private Equity Shares
Alternative trading system (ATS) AX Trading’s DirectAX auction service will enable investment banks with private equity and venture capital clients, as well issuer companies, to trade shares directly.
Trading Technologies and Phillip Capital Expand Relationship Into US
Phillip Futures, a Chicago-based futures clearing entity of Singapore's Phillip Capital, and Chicago-based derivatives solutions vendor Trading Technologies (TT) have begun offering TT's high-speed derivatives execution solutions to Phillip Futures'…
TMX Atrium Adds Frankfurt to Moscow Connection
TMX Atrium, a Luxembourg-based provider of infrastructure technologies founded in 2006, has added a new low-latency path from Frankfurt to Moscow.
Integral Co-Founder Joins EBS
EBS, the electronic foreign exchange (FX) platform from UK-based interdealer broker ICAP, has appointed Viral Tolat as CTO, based in New York.
ESMA, EBA Recommend Euribor Rate-Setting Revamp
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have penned a set of new proposals for improving the process by which the Euro Interbank Offered Rate (Euribor) is decided.
BATS Admits Price Execution Error
BATS Global Markets has notified its customers that a system error dating back to 2008 may have resulted in the execution of a multitude of trades at prices lower than the national best bid and offer (NBBO).
Euroclear and Citi Partner for Collateral Management
Euroclear Bank and Citi have announced that they will collaborate on a collateral arrangement that allows mutual client assets held at the latter to be used through the former's tri-party services.